all 172 comments

[–]132141 677 points678 points  (19 children)

Wow, don't know why people are reacting poorly to this! Different "tricks" work for different people and this is a cool idea!

[–]Ticonix 160 points161 points  (8 children)

Mine is called 'micro fuck you money' - still partially an 'emergency' fund but I don't think about money in a defensive stance.

[–]MicroBadger_ 24 points25 points  (1 child)

The fuck Murphy fund.

[–]milfshakes 1 point2 points  (0 children)

As in Murphy’s law... nice (:

[–]unclestrugglesnuggle 15 points16 points  (1 child)

It’s just “fuck you money” at a certain point.

If you save solidly with respect to your retirement accounts and emergency fund and live well below your means, having a 12-month safety net is much more than a defensive tool.

Company restructures and you get put in a division that is spiraling downward? No sweat. Brush up your resume and interview knowing if the worst happens you will be alright.

New boss is a micro-managing prick? Same deal. If things get bad enough, you can just walk - right then and there.

You don’t have to be independently wealthy or be ready to retire at 35 to have enough money to be able to say “fuck it,” or “fuck you.”

It’s one of the most freeing feelings in the world.

[–]Ticonix 2 points3 points  (0 children)

Yeah - once you save to a point that's all there is left. In fact some 'emergencies' I had this past year were able to be covered by normal accounts because I do save, meaning the idea the money was there was good enough for me to be thin for another week or two to reestablish normal cash flow parameters.

Edit: plus the adoption of a more minimalist mindset makes you realize you don't even need that much to begin with.

[–]dajesus77 3 points4 points  (1 child)

Micro fuck you money doesnt have the same ring to it.

[–]savvyblackbird 2 points3 points  (0 children)

Yeah, Macro sounds much better

[–]120psi 1 point2 points  (0 children)

I prefer to call my retirement savings my "fuck work" fund.

[–]Kalliope25 57 points58 points  (7 children)

I think our grandparents used to call it a rainy day fund. Whatever works, right?

[–]billbixbyakahulk 19 points20 points  (6 children)

When I was kid I was confused by the term because I loved rainy days. "Are we saving up for ice cream when it rains??!"

[–]BefWithAnF 1 point2 points  (5 children)

Me too! I wondered why we needed to spend extra money on a rainy day.

[–]juvenescence 16 points17 points  (3 children)

Because when it rains it pours.

[–]theoriginaldandan 2 points3 points  (0 children)

Underrated comment of the day

[–]Raider7oh7 4 points5 points  (0 children)

I always thought it was veces of manual labor jobs don't work during rain, so you have extra money saved for rainy days when you are not getting paid

[–]billbixbyakahulk 27 points28 points  (0 children)

I work in IT and occasionally do staff training. One thing I've learned is that for most people, they're not receptive to new ideas or habits unless they're emotionally comfortable with it. That starts with them being emotionally comfortable with me.

I bring a bowl of chocolates, make small talk, thank people or say something complimentary to those asking questions ("I'm glad you asked that because"), etc.

So if calling it a "Freedom Fund" is more effective with aligning their emotions with positive habits, then call it a Freedom Fund.

[–]SKRIMP-N-GRITZ 7 points8 points  (0 children)

I have to admit I clicked because I wanted to see the snarky comments I knew would be here. I agree that whatever gets s person to have an emergency fund is what’s important, but sadly the word freedom has been so used as propaganda it’s now low hanging fruit.

[–]byex0039 45 points46 points  (3 children)

When you get ready to start investing, you'll love Fidelity then.

[–]Natty4Life420Blazeit 2 points3 points  (1 child)


[–]byex0039 9 points10 points  (0 children)

My attempt at humor. Fidelity's target date funds are branded with 'Freedom' in their name.

[–]ZenMercenary 28 points29 points  (1 child)

Congrats! One of the things I believe is lost on many personal finance gurus is the role that human psychology plays in all of this. So often I see people focusing on rigid rules about how things should be done to maximize every penny, but the struggle most people have with personal finance is on a psychological level.

If a simple name change or reference change on your savings accounts helps, then you're doing the right thing. I actually have several savings accounts and I assign them all a name and purpose. Gifts, vacation, home maintenance, etc. I love filling them up at every paycheck and the feeling of knowing that I'm working toward something.

Also, as awesome as it feels to contribute to a "Freedom Fund," imagine the feeling you will have withdrawing from it. Most of us can rationalize anything as an emergency, but when you start dipping into your freedom fund, that has to kinda feel like you're robbing from your freedom, eh?

I like it!

[–]WorkinForThaWeekend 1 point2 points  (0 children)

Totally agree. Like the avalanche v snowball thing. I know avalanche saves more money overall in theory, but if snowball motivates you more to pay toward your debt then it could end up saving you more. There's been studies to confirm this, but so many people online I've seen have written it off because "math".

[–]jumperalex 38 points39 points  (11 children)

I can't find the link but many many years ago, in what I would call my first real moment of "financial clarity" I ran across an article by a woman that talked about saving for expected, recurring, but non-monthly expenses, and expected, non-recurring, expenses, and keeping that money in a high-yield savings account.

The article called that fund a "Freedom Fund" and it offered a spreadsheet template to help get started. I used that method for quite a number of years and even turned my SO on to it. It was instrumental in my journey towards YNAB, then Bogleheads, and finally the FIRE mindset.

So yeah, Freedom Fund is a perfect name for an emergency fun because one of the purposes is to handle those expected, but non-recurring expenses that can crush you if you're not prepared for them.

[–]b__reddit 2 points3 points  (9 children)

What is the FIRE mindset?

[–]papayafruitz 18 points19 points  (2 children)

FIRE (or FI/ER) stands for financial independence/early retirement. You live beneath your means, invest the money you save, until your passive income from the investments is equal to or greater than your living expenses. Then you may or may not retire. Up to you. /r/financialindependence

[–]AutoModerator[M] 2 points3 points  (0 children)

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[–]b__reddit 1 point2 points  (0 children)

Thank you for responding. I have no shame in inquiring on topics that I’m unfamiliar with. I’m look forward to exploring that section and improving my long term financial health!

[–]25happygirl101 10 points11 points  (0 children)

I call mine the "Fuck this Shit Fund". My parents taught me to always take a little money out of each paycheck to store away so that if I ever found myself in a bad situation I'd have the funds to leave.

[–]parsnip92 9 points10 points  (1 child)

if an emergency does not happen, when my cash reserves reach a tipping point, it becomes a "Quit My Job and Travel the World" fund. Well worth holding off mall shopping for a couple of years.

[–]Marklar_the_Darklar 0 points1 point  (0 children)

The "bug out bank account"

[–]AllAboutChristmasEve 38 points39 points  (1 child)

I find "emergency fund" to be plenty motivating, but I'm a belt-and-suspenders guy.

[–]ennuinerdog 1 point2 points  (0 children)

Belt, suspenders and overalls.

[–]Lolanew 7 points8 points  (0 children)

Thank you! This had a huge emotional response from me. Forevermore I will have a Freedom Fund/Don't Worry Fund.

[–]gluteusminimus 8 points9 points  (0 children)

Initially, I thought, "Man, it's a bit sad you have to work so hard to convince yourself to build an emergency fund," but then you explained why you call it that. It's fucking great, and people would probably be more inclined to save money if they saw things from that perspective.

Keep doing you.

[–]drunkendrake 9 points10 points  (1 child)

I just thought you were creating a fund in case you had to invade another country.

[–]swifter_than_shadow 0 points1 point  (0 children)

I'm doing that! By proxy anyway.

A lot of my emergency fund is in US bonds lol

[–]c-c-calamity 7 points8 points  (1 child)

I call mine a "Fuck You" fund, lol, because whenever someone tries to pressure me into doing something that I'm not cool with -- like working for a horrible boss, dating an abusive asshole just because he can pay my mortgage, getting into a ridiculously risky, high interest car loan -- I can just go "fuck you, I don't need to take this, I'll be fine." :)

[–]gnikzilgnikzil 2 points3 points  (0 children)

I call it my finger fund for if I need to give my boss the finger!

[–]Harry_and_Sally 5 points6 points  (0 children)

Yea man, as always, whatever actually works to motivate a person to meet an objective is best. Never be afraid to change systems so they work for you!

[–]Ohohohohahahehe 5 points6 points  (0 children)

As a red blooded American, I endorse this message.

[–]zeus-indy 40 points41 points  (2 children)

It's like feeling better about eating French fries by calling them freedom fries.

[–]ennuinerdog 1 point2 points  (0 children)

Fries are a Belgian invention anyway.

[–]RN_Geo 1 point2 points  (0 children)

I was trying to come up with some sort of freedom fries quip, you did nicely.

[–]CranberrySoda 19 points20 points  (0 children)

I call mine, my ICE fund. I also have a TIFU category in YNAB which is for mini emergencies (normally of my own making). I see my investments as Freedom Funds,as they are what I’m counting on to FIRE.

It’s ok that we all have different things that motivate us!

[–]triggoon 13 points14 points  (0 children)

Whatever works for someone to save and protect themselves from unexpected expenses.

My wife and I do something similar. We are constantly making “funds”. After a successful emergency fund I made a “walk away from a job” fund in case our jobs were really bad. Afterwards it was “better house” fund and so on.

For us we needed short term, specific fun goals within the larger picture. We still have an overarching plan but have broken it down into very specific parts. Most funds now we create are to make our retirement easier and sooner but again I encourage people to give specific reason to their savings. Generic, large goals are not always easy for people to wrap their heads around but smaller goals might help plus you get a win more often.

Everyone is different though so think about how you most easily accomplish a big goal and do it for your finances.

[–]redlitch81 2 points3 points  (0 children)

I’m sorry this is the best advice I’ve ever gotten on here.

I totally see what OP is getting at and I’m going to adopt this terminology.

[–]Not_Just_Any_Lurker 2 points3 points  (1 child)

I call mine “bail out” money. Just in case one day I finally snap and end up in jail or something. Or need to leave the country or something.

[–]Asshole_Engineer[🍰] 4 points5 points  (0 children)

And that kind of money is not in a bank.

[–]RedFiveSW 2 points3 points  (0 children)

We have an emergency fund and a discretionary fund, used to build a bank for vacations, eating out, or other non-essentials. Basically non-bills, unexpected and expected, are in two separate funds.

[–]sunbro29 2 points3 points  (0 children)

I mean, it really is a freedom fund. You're not playing a trick on yourself or a mind game. Anyone who has had an emergency without the sufficient funds to cover it knows this.

[–]Vloxxity 2 points3 points  (0 children)




even works in german:




[–]Switters410 2 points3 points  (1 child)

Mine is called the “fuck it fund.” If i get sick of the rat race, i can get by for quite awhile after saying “fuck it.”

[–]chamomiledrinker 2 points3 points  (0 children)

I call mine the Peace of Mind account. When I called it an emergency fund my anxiety and imagination ran wild about huge emergencies. Every time I checked my account I'd come up with some emergency scenario that it wasn't enough to cover.

The Art of Money inspired me to rename and it's helped.

[–]Collin_b_ballin 5 points6 points  (0 children)

Whatever you gotta tell yourself

[–]thisisnotmyname17 1 point2 points  (0 children)

That makes me so much happier about ours too!!! I can be inspired to pass up things for freedom!!

[–]jimibulgin 1 point2 points  (0 children)

Cash is like the bumper on your car. It can be unexpectedly wiped out, but you are safe behind it.

[–]InfamousMedusa 1 point2 points  (0 children)

Similar: my job changed "disability" insurance to "income protection" and our participation rates skyrocketed.

whatever tricks you into responsibility, I guess

[–]lysergic_gandalf_666 1 point2 points  (0 children)

Fuck yeah. This is actually a good plan.

I am CHEAP as hell and save a LOT. Most people would think this is really sad. Why not go buy a Mercedes? I'll tell you why: if I save my money and live cheaply then I am basically RICH and can do anything I want for years at a time.

If I am a chump and buy new Mercedes and a big mansion then I am a slave living paycheck to paycheck (at best).

[–]coryrain 1 point2 points  (0 children)

The husband and I have always called it the Oh SHIT! money. It works for us! Whatever works for you go for it. The definition of an emergency is different for everyone. Sometimes needing that new video game is an emergency! By calling it the oh shit money it really helped us with determining what kind of situation we needed to use it for. Flat tire on the side of the highway during rush hour is an oh shit moment. The oven died two days before Thanksgiving? Oh shit. You get the idea.

[–]Sp4ni3l 1 point2 points  (0 children)

I always called it my bag of “fuck you” money. It gives the possibility to walk up to your boss and say “FUCK YOU!”. It makes me take better decisions and perform better at work. You can focus on delivering instead of focussing on preventing to get fired.

[–]enginerd12 1 point2 points  (0 children)

I like to consider my emergency fund as a "line of credit" with 0% interest where I'm continuously increasing my credit limit.

[–]pgh_ski 1 point2 points  (0 children)

Brilliant! That's a great way to think of it. It's insurance so you don't have to go into debt!

[–]ClosertothesunNA 1 point2 points  (0 children)

I like this quote from this article: There are many things money can buy, but the most valuable of all is freedom. Freedom to do what you want and work for whom you respect.

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[–]YouNeedAnne 1 point2 points  (0 children)

Are you American, by any chance?

[–]UndercoverGovernor 1 point2 points  (0 children)

That’s like me with French fries

[–][deleted]  (1 child)


    [–]PaxilonHydrochlorate[M] 1 point2 points  (0 children)

    Your comment has been removed because we don't allow political discussions, political baiting, or soapboxing (rule 6).

    [–]Happy0vi 0 points1 point  (0 children)

    I love this idea, it’ll work well for me since I don’t like the word emergency

    [–]justcam 0 points1 point  (0 children)

    I like it! Better than all of it the other pessimistic thoughts we normally think of on a daily basis.

    [–]Cozy_Conditioning 0 points1 point  (0 children)

    It's my "retire to X" fund. The idea being, if I retired today, withdrawing 4% per year (which is considered a "safe" rate on a 75%/25% fund), where could I afford to live?

    I'm up from India to, now, the Midwest :-)

    [–]billbixbyakahulk 0 points1 point  (0 children)

    If you use Fidelity, you can create nicknames for your accounts. Freedom Fund sounds good. Mine is called "Phat Stax 4 dayz"

    [–]CYBRFRK 0 points1 point  (0 children)

    Mine is called “Torrential Downpour Fund”, at least on my high yield savings account alias name.

    [–]backinohio 0 points1 point  (0 children)

    Mine is called the “oh shit” fund. Unexpected problem comes up and costs $500? Oh, shit. But I got that.

    [–]dengmar 0 points1 point  (0 children)

    I call mine a Rainy Day Fund. Great idea man

    [–]Orumpled 0 points1 point  (0 children)

    Mine was set up under “eat shit or die fund” as my boss was either going to tell me to do it or I was going to tell her. To this day the financial advisor asks “so how much is in the ES&D fund?” (Left shortly after setting up fund).

    [–]Oneandonlymightyduck 0 points1 point  (0 children)

    Much of life and finance is about perspective. Do not say "I cannot afford that" but rather, "how can I afford that?" -Rich Dad Poor Dad

    [–]PhotonTrance 0 points1 point  (0 children)

    Options fund. As in it puts me in-control of my life, it gives me options other than going into debt.

    [–]dethmaul 0 points1 point  (0 children)


    I'd love putting 1.05 in it every time i walked past it.

    [–]YeaYeaImGoin 0 points1 point  (0 children)

    Does your new fund drop bombs on people with oil?

    [–]kinginthenorth1604 0 points1 point  (0 children)

    Oh, I have two accounts with Chase. They are called Freedom and Freedom Unlimited. Both are credit card accounts. I know, the irony. :D

    On a serious note, you are doing great. Call it whatever you want. As long as it works for you, keep it going!!!

    [–]heartfelt24 0 points1 point  (0 children)

    I like this idea since I never have any emergencies I will dip into my funds for. Accidents are covered for, and in the worst case scenario I am very open to leeching off my parents (and vice versa). I prefer investing to putting money in my cash accounts. Still built up 3 months of a fund. And the mutual funds are open ended, so I can redeem if lightning strikes.

    [–]PloppyMans 0 points1 point  (0 children)

    A fair point. Stuff happens a bit too regularly for it to be an emergency. The fund is there so it’s not.

    House issues, medical issues, car issues, etc etc. I would really expect these emergencies to be happening less often!

    [–]OllysCoding 0 points1 point  (0 children)

    This is definitely a good approach, looking at it more like a fund which gives you the freedom to make changes in your life, rather than one in preparation for when your life goes down the shitter. I guess for me the other problem is that atleast when starting, it feels like you're taking all this money, and just leaving it, you can't spend it, you never want to have to use it, so it effectively feels like you are just wasting part of your income. However using your freedom fund name, makes it feels more like you're saving money for something, rather than just watching waste away hoping you never have to use it, nice idea!

    [–]NotRoryWilliams 0 points1 point  (0 children)

    I'm in a weird situation with regard to an emergency fund: my income is very irregular so whereas most of you only have a job loss to think about causing a period without income, it's a regular thing for me so at any moment I may know that I have a ton of money "coming in" but no idea when. Like for instance right now I have $28,000 in known fees that I should be receiving in the next month or two and $15,000 in "expected" fees (cases I've completed and would be very surprised if I didn't win), but my bank account is damn near empty.

    I have to admit that I was a little foolish in deciding to play with my small savings in the currency market. I came out ahead, gaining more than 50% of my original investment, but a problem occurred with the exchange and now my withdrawal is delayed. Meanwhile I saw how much money I had coming in and figured that "savings" transfer was just a day or two out, so I cleaned out my checking account paying off credit cards so I didn't carry a balance and pay interest, and paid another $1000 off on an old debt to save some interest. Big mistake, I ended up coming close to an overdraft and had to ask a client who always offers advance payment (and I always refuse) to follow through on his offer of advance payment. Now I'm "good" through the end of the month but have to put off some small planned purchases.

    So at this point when the money does come in I'm going to set six months worth aside in my savings (about $18,000) even though I have more than enough debt to easily justify disbursing it all at once. Then I'll work on staying six months out in my buffer and apply every surplus dollar besides that to debt reduction and eventually savings.

    [–]spicklesandwich 0 points1 point  (0 children)

    I like it.

    Though for me, I like 'Emergency Fund' for that purpose specifically. It reminds me that emergencies aren't things that happen to other people, it reminds me what is and isn't an emergency (is it forseeable? Can you plan for it? If not, can you prepare for it? ...), and as someone who worries about not worrying enough, (haha) it's actually pretty soothing. I dunno. I guess it makes me feel like I'm 'overpreparing' which I like to do in general, even if an EF is actually just prudent, common sense.

    Like I feel like I'm being smart when I think of it that way, and that keeps me motivated to do it. Whatever works, you know?

    [–]yes_its_him -5 points-4 points  (0 children)

    I'd take the other side of this discussion, even though I know what you are saying here.

    People need to have a strategy to reduce risks, including maintaining savings and insurance, and also including not doing stupid things.

    If you are scared (or otherwise in denial) to think that something bad might happen and so you want to change the way you talk about things to accommodate that, that's not really being in tune with what you need to worry about.